For every bet, I write down three things: what I bet on, why I placed the bet, and whether I got it right.

Review them once a week, and you’ll find that your losses tend to come from just two or three recurring patterns—for example, chasing assets that have already surged or adding to your position when emotions run high.

It takes hardly any time, but it’s the only way to get more accurate with every bet. Making predictions without reviewing them is like starting over every day.

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